Skanska UK results “healthy but slightly behind target”

Skanska UK has described its half-year results as “healthy but slightly behind target” after posting an operating margin of 3.2 per cent.

Announcing its figures for the last six months, the construction giant recorded revenue of £545 and an operating income of £17.5 million.

Skanska is involved in several high-profile rail projects in the UK, including Crossrail Paddington Station, Bond Street and bridge strengthening works for Thameslink.

President and chief executive Mike Putnam said: “This continues a pattern of good and consistent results over several years.

“Overall performance remains at the levels we would expect at this stage in the year.

“First-half reported order bookings are healthy but slightly behind target at £437 million, but we remain on track for the full year. We’ve started some exciting opportunities and made some significant wins.”